C000079602 Fees and Costs — MidCap Account, Class 2
Data updated: 2026-08-25
The net expense ratio is 0.78%: a 0.53% management fee plus a 0.25% 12b-1 fee. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $105K in broker commissions, 0.0160% of average net assets, and portfolio turnover was 15%.
C000079602 Fees and Expenses
Annual operating expenses and sales charges of C000079602. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.78% |
| Fee waiver | — |
| Net expense ratio | 0.78% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000079602 Costs Over Time
On $10,000 invested in C000079602, assuming 5% a year before costs, total costs come to $500 over 5 years, cutting the return by 0.84% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.78%) | $82 | $256 | $445 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $274 | $500 |
| Value after costs | $10,416 | $11,302 | $12,263 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
C000079602 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0160%
- Total broker commissions: $105K
- Bought from dealers (principal trades, not a cost): $705K
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $15K (0.002% of average net assets)
C000079602 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STATE STREET FINANCIAL GLOBAL MARKETS | $17K | 22.07% |
| STIFEL NICOLAUS & COMPANY | $13K | 16.29% |
| CANACCORD GENUITY LLC | $11K | 14.74% |
| BARCLAYS CAPITAL INC. | $10K | 12.56% |
| VIRTU FINANCIAL LLC | $7K | 8.87% |
| SANFORD C. BERNSTEIN & CO. | $5K | 6.28% |
| JEFFERIES & COMPANY | $5K | 5.83% |
| RBC DOMINION SECURITIES CORP. | $4K | 5.17% |
| BANK OF AMERICA | $3K | 4.37% |
| BTIG | $3K | 3.81% |
C000079602 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $671K | 95.13% |
| MORGAN STANLEY & CO. LLC. | $34K | 4.87% |
MidCap Account Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000020910 | Class 1 | 0.53% | — |
| C000079602 | Class 2 | 0.78% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.